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Renew Medic
Franchise Details
Specialty restoration franchise opportunity. We solve the problem of water damaged cabinets. We remove only the damaged cabinets, rebuild, refinish and reinstall the new cabinets within 2-3 weeks and perfectly match them to the existing cabinets. We solve a significant problem for mitigation companies, insurance companies and home owners. Instead of replacing an entire kitchen and requiring the homeowner to move to temporary housing for 3-6 months we keep the kitchen in working order and complete the work in 2-3 weeks. Turning a $40,000 new kitchen expense into a $7,000 rebuild/repair. Insurance companies are seeking our services. This brand emerged from a 30+ year franchise brand Furniture Medic. We have been performing these services for a decade. It is an essential service in high demand.
We are cabinet experts, our franchisees have full cabinet building service centers which allow them to diversify their revenue beyond disaster restoration to custom cabinet building and cabinet transformation services. If ServPro and Kitchen Tune-Up had a baby, it would be Renew Medic.
Industry Talking Points
The disaster restoration industry has been hot for new brands finding new ways to better support insurance companies and homeowners facing difficult challenges. It is a huge industry and we perform a service that is required in some 40% of all losses, cabinet restoration. It is recession resistant as water and fire losses do not shrink in downturns. We save every party in the process time and money. This is the hottest new specialty restoration brand opportunity in the market with the biggest market potential and upside. We have existing national account programs with AllState, Farmers, Liberty Mutual and other insurance companies that currently source almost 40% of the systemwide revenue. And we are focused on growing these accounts and signing new ones as we build this brand.
Ideal Franchisee
We are looking for serial entrepreneurs, business builders, people connected to the disaster restoration industry, remodelers, and more. This business is all about scalability and efficiency. Someone who is willing to make a $500,000 investment and build a multi-million dollar, multi-location business is the ideal. Validation is available to candidates that show businesses in excess of $7M of revenue with over 24% net profit margins.